Access keys | Skip to primary navigation | Skip to secondary navigation | Skip to content | Skip to footer |
Problems viewing this site

Asset accounting policy

Treasury issues the Non-Current Asset Policies for the Queensland Public Sector to direct State Government agencies in the accounting treatment of assets. The policy aims to:

  • Clarify the definition of, and accounting recognition concepts for, assets;
  • Provide guidance on determining the periodic cost of using assets (depreciation/amortisation);
  • Specify a basis for valuing non-current assets; and
  • Set out the approach to be adopted in regularly reviewing the carrying amount of assets and, where appropriate, writing down or revaluing assets.

Did you find this information useful?


Last reviewed 23 September 2013